The Blues' initial bid of £35 million is said to be insufficient to compel Man City's hand, as Pep Guardiola is seeking a sum in excess of £50 million.
If the two clubs decide to meet in the middle, £45 million is said to be a realistic figure.
Marina Granovskaia, meanwhile, is likely to quit Chelsea FC this summer as the London club continues its enormous restructuring.
Todd Boehly will handle the transfer discussions in place of the previous chief assistant to Roman Abramovich.
And we've got all the latest on Richarlison's possible transfer.
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